SSI regains lead in brokerage share on HNX

Hanoi Stock Exchange (HNX) recently announced securities brokerage market share in the first quarter of 2017.

Accordingly, Saigon Securities Incorporated (SSI) regained leading in the top 10 securities brokerage firms with the largest brokerage market share on the HNX with 9.87 per cent of market share. Thus, in this quarter, SSI continues to lead the brokerage market share of both HSX (14.12 per cent) and HNX, affirming the position of Vietnam's No.1 securities company. Meanwhile, Saigon - Hanoi Securities (SHS) slipped to the second place with a market share of 8.51 per cent, sharply down from 10.6 per cent in fourth quarter of 2016. The third and fourth places have not changed compared to the fourth quarter of 2016, namely VNDirect (VNDS) and Ho Chi Minh City Securities Corporation (HSC) with market share of 8.28 per cent and 7.5 per cent respectively.

MB Securities (MBS) and ACB Securities (ACBS) exchanged positions in the first quarter of 2017. In particular, MBS came in at fifth rank with 6.57 per cent and ACBS down one rank and placed at 6th with 5.68 per cent.

FPT Securities (FPTS), from the 10th place, ranks at the 7th position with a market share of 4.41 per cent. The 8th and 9th places, unchanged from the previous quarter, were the Bank for Foreign Trade of Vietnam Securities (VCBS) and the Bank for Investment and Development of Vietnam Securities (BSC) with market share 3.98 per cent and 3.82 per cent respectively. Notably, Viet Capital Securities (VCSC) has fallen to 10th place with 3.58 per cent market share.

It can be seen that the top 10 leading companies accounted for 62.2 per cent of brokerage market share of HNX in the first quarter of 2017, of which the top 3 securities companies with the largest market share were SSI, SHS, VNDS accounted for 26.66 per cent market share nationwide.

On the UPCoM market, leading brokerage market share in the first quarter of 2017 is VCSC with a market share of 9.49 per cent. The second place belongs to HSC with 9.04 per cent. The next two positions are SHS and SSI with 8.45 per cent and 8.24 per cent respectively.

Regarding the share of government bond brokerage on the HNX in the first quarter of 2017, four companies - BSC, VCBS, BVSC and HSC - led the market and all accounted the market share of over 10 per cent.